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Monday, October 21, 2019

Foamix settles patent dispute with Teva; shares up 6% premarket

Foamix Pharmaceuticals (NASDAQ:FOMX), together with licensee LEO Pharma A/S, has settled patent infringement litigation with an affiliate of Teva Pharmaceutical Industries (NYSE:TEVA) regarding topical rosacea med Finacea Foam. Financial details remain confidential.
Its patent infringement dispute (same product) with Taro Pharmaceuticals U.S.A. and Taro Pharmaceuticals, Ltd. continues.
Shares up 6% premarket on increased volume.
https://seekingalpha.com/news/3507191-foamix-settles-patent-dispute-teva-shares-6-percent-premarket

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